本報告已在2011年07月19日停止出版。
歐洲的房屋貸款市場近年來創造了驚人佳績。
專門針對多項市場領域從事調查分析的英國調查公司 Datamonitor Corporation（總公司：倫敦），針對西歐的房屋貸款市場進行詳盡調查分析，並出版調查報告書 "Western European Mortgages 2006" 。
本報告書內容包括：以西歐 11國及地區為對象進行之有關國家介紹、補助金等政府政策、利率等市場資料、金融商品分類等市場結構、法規及規範團體、產業課題等調查分析結果，以及業界 5 大企業的市場佔有率與企業資料、未來發展前景的 SWOT 分析等。
調查對象國
- 奧地利
- 荷比盧三小國
- 法國
- 德國
- 英國
- 愛爾蘭
- 義大利
- 北歐各國
- 葡萄牙
- 西班牙
- 土耳其
調查内容
- 國家簡介
- 政府干預
- 市場資料
- 市場結構
- 法規環境
- 產業監督機機
- 產業團體
- 信用調查機構
- 擔保權實施與法律規範
- 法規相關課題
- 市場主要課題
- 5 大提供房屋貸款企業
- 5 大提供房屋貸款企業的資料
- 競爭企業
- 商品分析
- 市場預測
- 發展前景
附錄
圖表
Abstract
Overview
Introduction
European mortgage markets have performed exceptionally well in recent years,
and this solid performance continued in 2005. Rapid house price growth, high
demand for housing and increased competition have pushed mortgage markets
onwards. But can we expect the boom times to continue and, if they do, which
markets will benefit?
Scope
- Covers the residential mortgage market in 16 countries in 11 country
profiles.
- Country profiles include: Austria, France, Germany, Greece, Ireland,
Italy, Portugal, Spain, Turkey, the Benelux region and the Nordic region.
- Provides market sizing data in terms of gross advances and balances
outstanding
- Provides competitor market share for the top five players in each market
in balances outstanding; a short profile of the top players is also provided
Report Highlights
While an increasingly consolidated market, a large number of smaller lenders
still play a significant role in the Spanish mortgage market, with the top
five players accounting for 49.3 per cent of balances outstanding in 2004.
The entry of Greece into the EMU had a major impact on interest rates, which
used to be in the two digits range. Between 1995 and 2004, real interest rates
declined by 800 basis points.
In common with most of Western Europe, Italy has experienced continued growth
in the level of balances outstanding of mortgage loans. Between 2001 and 2005
balances outstanding increased at a CAGR of 17.7 per cent.
Reasons to Purchase
- Learn how residential mortgage markets in Western Europe have developed
over the last five years
- Understand the recent developments in Western European mortgage markets in
terms of regulation, competition and product innovations
- Determine which residential mortgage markets in Western Europe are likely
to grow most rapidly over the next five years
Table of Contents
- CHAPTER 1 INTRODUCTION
- What is this report about?
- Scope of the report
- Who is the target reader?
- How to use this report
- CHAPTER 2 MORTGAGES IN AUSTRIA
- Country overview
- Economy
- GDP
- Inflation
- Distribution of income
- Segmentation of liquid assets
- Demographics
- Population and demographic split
- Unemployment
- Housing market
- Housing stock
- House prices
- Government housing intervention
- Housebuilding subsidies
- The L鄚der have sold large parts of their loan portfolios
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Categories of banks
- Joint stock banks and private banks
- Savings Banks (Sparkassen) Group
- Regional mortgage banks
- Raiffeisen Group
- Volksbanken Group
- Bausparkassen
- Special purpose banks and finance houses
- Mortgage market structure
- Market share by type of player
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- Oesterreichische Nationalbank
- Industry associations
- Sparkassenverband
- Oesterreichische Genossenschaftsverband (OeGV)
- Raiffeisenverband
- Verband der 飉terreichischen Landes-Hypothekenbanken
- Verband Osterreichischer Banken und Bankiers
- Credit bureaux
- Repossession and rules of law
- Regulatory issues in the market
- The birth of an integrated European mortgage market is still far
away, yet lenders are concerned over potential developments
- Austria is well prepared for the implementation of Basel II
- National mortgage related legislation
- Key market issues
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- Bank Austria Creditanstalt (BA-CA)
- BAWAG PSK
- Volksbank
- Sparkassen
- Raiffeisen
- Competitor developments
- Entry into the Austrian retail banking market is difficult
- The Volksbank and Raiffeisen groups are direct competitiors
- The merger of BAWAG and P.S.K. was the biggest of 2005
- Product analysis
- Typical product characteristics
- Mortgage term
- Mortgage fees in Austria
- Product innovation
- Forecasting gross advances
- Datamonitor forecasts a steady rise in new lending in the Austrian
residential mortgage market
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 3 MORTGAGES IN THE BENELUX REGION
- Country overview
- Economy
- GDP
- Inflation
- Distribution of income
- Distribution of wealth
- Demographics
- Population and demographic split
- Unemployment
- Housing market
- Dwelling stock
- House prices
- Government housing intervention
- Taxes, subsidies and housing schemes
- Belgium
- Netherlands
- Luxembourg
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Structure of the Benelux retail banking sector
- Structure of Belgian retail banking
- Structure of the Dutch retail banking market
- Structure of Luxembourg's retail banking market
- Mortgage market structure
- Market share of player types in Belgian mortgage market
- Market share of player types in the Dutch mortgage market
- Market share of player types in the Luxembourg mortgage market
- Funding in the Benelux region
- Distribution
- Regulatory environment
- Industry regulators in Belgium
- National Bank of Belgium - NBB
- Banking, Finance and Assurance Commission - CBFA
- Industry associations in Belgium
- Belgian Bankers Association (ABB-BVB)
- Test-Achats
- Union Professionnelle du Credit - UPC BVK
- Industry regulators in Netherlands
- De Nederlandsche Bank
- Netherlands Authority for the Financial Markets
- Industry associations in the Netherlands
- Nederlandse Vereniging van Banken (NVB)
- Consumentenbond
- Industry regulators in Luxembourg
- The Banque Centrale du Luxembourg (BCL)
- Commission de Surveillance du Secteur Financier (CSSF)
- Industry associations in Luxembourg
- Association des Banques et Banquiers Luxembourg (ABBL)
- Union Luxembourgeoise des Consommateurs (ULC)
- Credit bureaux
- Both private and public credit bureaux operate in Belgium
- There are two main credit scoring bureaux in the Netherlands
- Repossession and rules of law
- Belgium
- Netherlands
- Luxembourg
- Regulatory issues and developments in the mortgage market
- The birth of an integrated European mortgage market is still far off
on the horizon, yet lenders are concerned over potential developments
- Basel II will mean a number of changes for lenders
- European Code of Conduct on Home Loans
- Recent national mortgage-related legislation
- Key issues in the mortgage market
- Belgium
- Netherlands
- Luxembourg
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- Rabobank
- ING
- Fortis
- ABN Amro
- SNS Bank
- Competitor developments
- Merger and acquisition activities in Belgium
- Merger and acquisition activities in the Netherlands
- Merger and acquisition activities in Luxembourg
- Product analysis
- Typical product characteristics
- Belgium
- Netherlands
- Luxembourg
- Product innovation
- Belgium
- Netherlands
- Luxembourg
- Forcasting gross advances
- Gross advances in the Benelux residential mortgage market will grow at
a CAGR of 5.8 per cent
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 4 MORTGAGES IN FRANCE
- Country overview
- Demographics
- Economy
- GDP
- Sectoral composition of the economy
- Inflation
- Distribution of income (GINI Coefficient)
- Unemployment
- Housing market
- Dwelling stock
- House prices
- Government housing intervention
- Taxes, subsidies and housing schemes
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Structure of the French retail banking sector
- Categories of banks
- Commercial banks
- Mutual and co-operative banks
- Municipal credit banks (Caisses de credit municipal)
- The French banking structure is more complex than it seems
- Finance houses are important players in the retail financial market
- Mortgage market structure
- Mortgage market share by type of player
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- Banque de France
- Commission Bancaire - CB
- The Credit Institutions and Investments Firms Committee (CECEI)
- The Banking and Financial Regulatory Committee (CRBF)
- Industry associations
- Groupement des Cartes Bancaires (CB)
- Association Fran蓷ise des Etablissements de Credit et des
Entreprises d'Investissements (AFECEI)
- Association Fran蓷ise des Soci彋es Financi鋨es (ASF)
- Fed廨ation Bancaire Fran蓷ise (FBF)
- Other noteworthy associations
- Credit bureaux
- France has previously rejected the adoption of a national credit
bureau holding positive data
- Regulatory issues and developments in the mortgage market
- The birth of an integrated European mortgage market is still very
far off on the horizon, yet lenders are concerned over potential
developments
- Basel II will mean a number of changes for lenders
- Recent national mortgage-related legislation
- Key issues in the mortgage market
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- Credit Agricole
- Both banks launched aggressive advertising campaigns in 2005 to
raise their profile
- Credit Mutuel
- Soci彋�EG幯廨ale
- Caisse d'Epargne
- Banque Populaire
- Competitor developments
- Mergers and acquisition activity in the French banking market
- Credit Agricole took over Credit Lyonnais in 2003
- Mutual and co-operative banks have consolidated themselves in recent
years
- However, it is thought that the French banking market is fully
consolidated
- La Banque Postale was created on 1 January 2006
- Foreign players play a marginal role in the French mortgage market
- Product analysis
- Typical product characteristics
- Product innovation
- Forecasting gross advances
- Gross advances in the French residential mortgage market will reach
€210.4 billion in 2010
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 5 MORTGAGES IN GERMANY
- Country overview
- Economy
- GDP
- Inflation
- Distribution of income
- Segmentation of liquid assets
- Demographics
- Housing market
- Housing stock
- House prices
- Government housing policies
- Social housing in Germany
- Privatization of housing in the East has been slow
- Overbuilding has led to an oversupply of housing in many areas of
Germany
- The German government has used grants and subsidies to boost
homeownership
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Categories of banks
- Private commercial banks
- Sparkassen Group (savings banks)
- Volks- und Raiffeisenbanken (co-operative banks)
- Mortgage market structure
- Market share by type of player
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- Industry associations
- Zentraler Kreditausschuss (ZKA)
- Deutsche Sparkassen- und Giroverband (DSGV)
- Bundesverband deutscher Banken (German Bankers Association)
- Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR)
- Bundesverband 猈fentlicher Banken Deutschlands (V淓)
- Hypothekenverband (VDH)
- Verband der privaten Bausparkassen
- Other noteworthy organizations
- Credit bureaux
- Repossession
- Regulatory issues in the mortgage market
- The birth of an integrated European mortgage market is still very
far off on the horizon, yet lenders are concerned over potential
developments
- German banks are some of the most prepared for the implementation of
Basel II
- National mortgage related reform
- Key issues in the mortgage market
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- The Sparkassen Group
- Eurohypo
- BHW
- BHW's real distinction comes from its brand and its distribution
strategy
- Although Bauspar is still its primary product, BHW has undertaken a
major shift in focus over the last few years
- HVB
- BSH
- Competitor developments
- Consolidation of the German retail banking market
- Most recently, Commerzbank announced it is to take control of
Eurohypo
- German Postbank buys BHW Holding
- Chancellor Schroeder has called for German banks to remain
competitive through consolidation
- Foreign lenders have been entering the German market
- In Germany the takeover of HVB was seen as further evidence of its
underperforming economy
- Wachovia enter the German commercial mortgage market
- German mortgage bank AHBR acquired by U.S. private equity firm Lone
Star
- Product analysis
- Typical product characteristics
- There are two forms of property financing
- The Bauspar system explained
- The Bauspar system pools deposits in an allocation fund
- Fixed rate and variable rate mortgages
- Mortgage term
- LTV
- Product innovation
- Forecasting gross advances
- Datamonitor forecasts a slow rise in the German mortgage market
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 6 MORTGAGES IN GREECE
- Country overview
- Demographics
- Economy
- GDP
- Sectoral composition of the economy
- Inflation
- Distribution of income (GINI Coefficient)
- Unemployment
- Housing market
- Dwelling stock
- House prices
- Government housing intervention
- Taxes, subsidies and housing schemes
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Structure of the Greek retail banking sector
- Mortgage market structure
- Mortgage market share by type of player
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- Bank of Greece
- Hellenic Capital Market Commission
- Industry associations
- Hellenic Bank Association
- Credit bureaux
- Regulatory issues and developments in the mortgage market
- The birth of an integrated European mortgage market is still far off
on the horizon, yet lenders are concerned over potential developments
- Basel II will mean a number of changes for lenders
- Recent national mortgage-related legislation
- Key issues in the mortgage market
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- National Bank of Greece
- Alpha Bank
- EFG Eurobank
- Emporiki Bank
- Piraeus Bank
- Competitor developments
- Merger, acquisition and expansion activity in the Greek banking market
- Foreign players have been buying stakes in Greek banks
- Product analysis
- Typical product characteristics
- Product innovation
- Forecasting gross advances
- Gross advances in the Greek residential mortgage market will reach
€29.2 billion in 2010
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 7 MORTGAGES IN IRELAND
- Country overview
- Demographics
- Economy
- GDP
- Sectoral composition of the economy
- Inflation
- Distribution of income (GINI Coefficient)
- Unemployment
- Housing market
- Dwelling stock
- House prices
- Government housing intervention
- Taxes, subsidies and housing schemes
- The Planning and Development Act (2000)
- Tax changes affect Irish homebuyers
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Structure of the Irish banking sector
- Mortgage market structure
- Mortgage market share by type of player
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- Central Bank and Financial Services Authority of Ireland (CBFSAI)
- Industry associations
- Irish Bankers' Federation (IBF)
- Irish Mortgage Council (IMC)
- Irish Finance Houses Association (IFA)
- Other noteworthy organizations
- Irish Bank Officials Association (IBOA)
- Credit bureaux
- Repossession and rules of law
- Regulatory issues and developments in the mortgage market
- The birth of an integrated European mortgage market is still very
far off on the horizon, yet lenders are concerned over potential
developments
- Basel II will mean a number of changes for lenders
- Recent national mortgage-related legislation
- Key issues in the mortgage market
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- Bank of Ireland
- Permanent TSB
- AIB
- First Active
- Ulster Bank
- Competitor developments
- Merger and acquisition activities in the Irish banking market
- Foreign players are attracted to the Irish banking sector
- Product analysis
- Typical product characteristics
- Product innovation
- Forecasting gross advances
- Gross advances in the Irish residential mortgage market will reach
€32.5 billion in 2010
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 8 MORTGAGES IN ITALY
- Country overview
- Economy
- GDP
- Inflation
- Distribution of income
- Distribution of liquid assets in Italy
- Demographics
- Population and demographic split
- Unemployment
- Housing market
- Housing stock
- House prices
- Government housing policies
- Market data
- Mortgage interest rates
- Market Size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Categories of banks
- Limited liability banks
- Co-operative banks
- Savings Banks
- Mortgage market structure
- Market Structural Overview
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- Industry associations
- Associazione Bancaria Italiana (ABI)
- Associazione fra le Casse di Risparmio Italiane (ACRI)
- Banche Credito Cooperativo - BCC
- Associazione Italiana del Credito al Consumo e Immobiliare - Assofin
- Credit bureaux
- EURISC - CRIF Credit Protection Bureau
- Repossession and rules of law
- Regulatory issues in the market
- The birth of an integrated European mortgage market is still far
off, yet lenders are concerned over potential developments
- Italy is under prepared for the implementation of Basel II
- National mortgage related regulations
- Key market issues
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- Unicredito
- Capitalia
- Capitalia looks to expand its business to cover the whole of Italy
- Banca Monte Dei Paschi Group
- Banca Intesa
- Banca Intesa offers four key mortgage products
- Sanpaolo IMI
- Competitor developments
- Merger, acquisition and expansion activities in the Italian banking
market
- Investment by foreign banks has been hindered in the past
- Australia's Macquarie Bank enters the Italian mortgage market
- Product analysis
- Typical product characteristics
- Fixed rate and variable rate mortgage penetration
- Mortgage term
- LTV
- Mortgage fees
- Product innovation
- Forecasting gross advances
- Datamonitor forecasts a continual rise in the Italian mortgage market
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 9 MORTGAGES IN THE NORDICS
- Country overview
- Economy
- GDP
- Inflation
- Distribution of income
- Distribution of liquid assets in The Nordics
- Demographics
- Population and demographic split
- Unemployment
- Housing market
- Housing stock
- House prices
- Government housing policies in the Nordics
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- The banking structure in each Nordic country is very similar
- The structure of the Swedish banking market
- Mortgage market structure
- Major types of player
- Funding
- Distribution
- Regulatory environment
- Regulatory environment in Denmark
- Industry regulators
- Industry associations
- Other noteworthy associations
- Regulatory environment in Finland
- Industry regulators
- Industry associations
- Regulatory environment in Norway
- Industry regulators
- Industry associations
- Other noteworhy associations
- Regulatory environment in Sweden
- Industry regulators
- Industry associations
- Other noteworthy associations
- Credit bureaux
- Repossession and rules of law
- Regulatory issues in the market
- The birth of an integrated European mortgage market is still far
away, yet lenders are concerned over potential developments
- The Nordics are well prepared for the implementation of Basel II
- National mortgage related regulations
- Key market issues
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- Nordea Bank
- Nordea's mortgage products in Sweden
- Danske Bank
- DnB NOR
- Handelsbanken
- Handelsbanken conducts its mortgage business in Sweden through
Stadshypotek
- F顤eningsSparbanken
- Competitor developments
- The consolidation process in the Nordic banking market
- There have been few new entrants to the market in recent years
- Product analysis
- Typical product characteristics
- Typical product characteristics in Denmark
- Typical product characteristics in Finland
- Typical product characteristics in Norway
- Typical product characteristics in Sweden
- Product innovation
- Forecasting gross advances
- Datamonitor forecasts a continual rise in the Nordic mortgage market
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 10 MORTGAGES IN PORTUGAL
- Country overview
- Demographics
- Population and demographic split
- Economy
- GDP
- Inflation
- Distribution of income
- Unemployment
- Housing market
- Housing stock
- House prices
- Government housing intervention
- State subsidies
- Property sales
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Categories of banks
- Universal banks
- Savings banks
- Agricultural credit institutions (co-operative banks)
- Mortgage market structure
- Market Structural Overview
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- Banco de Portugal
- Conselho Nacional de Supervisores Financeiros
- Industry associations
- ASB
- ASFAC
- Caixa Central de Credito Agr��ola M𠋥uo
- FENACAM
- Credit bureaux
- Regulatory development and issues in the Portuguese mortgage market
- The birth of an integrated European mortgage market is still very
far off on the horizon, yet lenders are concerned over potential
developments
- Basel II will mean a number of changes for lenders
- Legislative changes relating to covered bonds
- Key market issues
- Top five mortgage lenders
- Market share by balances outstanding
- Profiles of the top mortgage lenders
- Caixa Geral de Dep鏀itos
- Millennium BCP
- Banco Santander Totta
- Banco Portugu瘰 de Investimento
- Banco Esp��ito Santo
- Caixa Econ鏔ica Montepio Geral
- Competitor developments
- The Portuguese banking market has gone through a process of
significant consolidation
- Moreover, a number of foreign players have entered the Portuguese
mortgage market
- Product analysis
- Typical product characteristics
- Fixed rate and variable rate mortgage penetration
- Mortgage term
- LTV
- Product innovation
- Long-term fixed mortgages are now available
- Leasing is gaining popularity
- Forcasting gross advances
- Datamonitor forecasts steady but gradual growth for the Portuguese
mortgage market
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 11 MORTGAGES IN SPAIN
- Country overview
- Demographics
- Population and demographic split
- Economy
- GDP
- Inflation
- Distribution of income
- Distribution of liquid assets
- Unemployment
- Housing market
- Housing stock
- House prices
- Government housing intervention
- The Government is attempting to make more housing affordable for lower
income groups
- In addition, it is trying to boost the rental sector
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Categories of banks
- Private commercial banks
- Cajas de Ahorros (savings banks)
- Cooperativas de Credito (co-operative banks)
- Mortgage market structure
- Market share by player type
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- Industry associations
- Asociaci鏮 Espa隳la de Banca (AEB)
- Confederaci鏮 Espa隳la de Cajas de Ahorros (CECA)
- Uni鏮 Nacional de Cooperativas de Credito (UNACC)
- Asociaci鏮 Nacional de Establecimientos Financieros de Credito
(ASNEF)
- Asociaci鏮 de Usuarios de Servicios Bancarios (AUSBANC)
- Credit bureaux
- The Banco de Espa鎙 manages a public registry
- Equifax operates a private sector credit bureau in Spain
- Experian entered the market in 2000
- Regulatory issues and developments in the mortgage market
- The birth of an integrated European mortgage market is still very
far off on the horizon, yet lenders are concerned over potential
developments
- Spain has not opted into the Code of Conduct for Home Lending
- Basel II will mean a number of changes for lenders
- Recent national legislation
- Key market issues
- Top five mortgage lenders
- Market share by balances outstanding
- Profiles of top mortgage lenders
- BBVA
- La Caixa
- BSCH
- Caja Madrid
- Banco Sabadell
- Banco Popular
- Competitor developments
- Mergers and acquisition activity in the banking sector
- Foreign lenders have been entering the Spanish mortgage market
- Product analysis
- Typical product characteristics
- The majority of mortgages are on variable rates
- Mortgages tend to be long-term
- LTVs are high in Spain
- Product innovation
- 50 year mortgages are now available
- Special mortgages for first time buyers are now available
- Offset mortgages are a new option for Spanish customers
- Equity withdrawal products are slowly being developed
- Forecasting gross advances
- Datamonitor forecasts a gradual slowdown for the Spanish mortgage
market
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 12 MORTGAGES IN TURKEY
- Country overview
- Economy
- GDP
- Sectoral composition of the economy
- Inflation
- Distribution of income (GINI Coefficient)
- Demographics
- Population and demographic split
- Unemployment
- Housing market
- Housing stock
- House prices
- Government housing intervention
- Market data
- Mortgage interest rates
- Market size
- Balances outstanding
- Gross advances
- Product lines
- Market structure
- Categories of financial institutions
- Commercial banks
- Islamic Finance Houses
- Mortgage market structure
- Market structural overview
- Funding
- Distribution
- Regulatory environment
- Industry regulators
- T�Ekiye Cumhuriyet Merkez Bankası
- Bankacilik D�Eenleme ve Denetleme Kurumu (BDDK)
- Industry associations
- T�Ekiye Bankalar Birliği (TBB)
- Other noteworthy organisations
- Credit bureaux
- Regulatory issues and developments in the banking sector
- New laws have been introduced effecting the legal framework and
supervision of the banking system
- The Banking Sector Restructuring Program
- Turkish politicians have welcomed the benefits of Basel II
- Regulatory issues and developments in the mortgage market
- Turkey is currently without a fully developed mortgage market
- The housing credit system change legislation will implement a fully
developed mortgage market system
- Key market issues
- Top five mortgage lenders
- Market share by balances outstanding
- Profile of top five mortgage lenders
- İş Bankası
- Yapi Kredi
- Akbank
- Garanti Bank
- Vakif Bankasi
- Competitor developments
- Mergers, acquisitions and expansion activity in the Turkish banking
sector
- The Turkish market is appealing to foreign lenders
- HSBC expands its branch network in Turkey
- Dubai based Amlak joins forces with Kuwait Turkish Finance House
Group
- Product analysis
- Typical product characteristics
- Product innovation
- Forcasting gross advances
- Datamonitor forecasts a rapid rise in the Turkish mortgage market
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- CHAPTER 13 APPENDIX
- Supplementary data
- Austria
- The Benelux Region
- France
- Germany
- Greece
- Ireland
- Italy
- The Nordics
- Portugal
- Spain
- Turkey
- Definitions
- Balances outstanding
- CAGR
- Capped mortgage
- Equity release
- EU 15
- Fixed rate mortgage
- Flexible mortgage
- Gross advances
- Loan-to-value (LTV)
- Mortgage intermediary
- Remortgaging
- Self-certification mortgage
- Tied agent
- Unemployment rate
- Variable mortgage
- Forecasting methodology
- Research methodology
- Secondary research sources
- Austria
- The Benelux Region
- France
- Germany
- Greece
- Ireland
- Italy
- The Nordics
- Portugal
- Spain
- Turkey
- Publications used
- Relevant readings
- UK Mortgage Market Map
- Key Features
- For futher information
- Reports
- Briefings
- Future readings
- Datamonitor's custom research capabilities
- Retail Banking Team contact details
- How to contact experts in your industry
- List of Tables
- Table 1: Ranking of selected European countries by GDP, 2004
- Table 2: GDP per capita of selected European countries, 2004
- Table 3: The service industry is the main contributor to Austria's GDP,
2004
- Table 4: Inflation in selected European countries, 2004
- Table 5: GINI Coefficient of selected European countries, 2003
- Table 6: Segmentation of liquid assets in Austria, 2004
- Table 7: Population distribution according to age group in Austria, 2004
- Table 8: The age of Austrian dwelling stock, 2002
- Table 9: Mortgage balances outstanding compared to GDP of selected
European countries, 2004
- Table 10: Forecast of mortgage gross advances in Austria, 2004-2010f
- Table 11: Ranking of selected European countries by GDP, 2004
- Table 12: GDP per capita of selected European countries, 2004
- Table 13: Sectoral composition of the economies of the Benelux nations,
2004
- Table 14: Inflation in selected European countries, 2004
- Table 15: GINI Coefficient of selected European countries, 2003
- Table 16: Segmentation of liquid assets in the Benelux nations, 2004
- Table 17: Approximately two-thirds of the Benelux population are of
working age, 2004
- Table 18: Age distribution of dwelling stock in the Benelux
- Table 19: Outstanding balances of mortgages compared to GDP of selected
European countries, 2004
- Table 20: Number of loans and the average size of a mortgage loan,
2001-2005e
- Table 21: Proportion of gross advances for 'house purchase' split by
purpose, 2001-2004
- Table 22: Top five mortgage lenders in the Benelux region by balances
outstanding, 2003-2004
- Table 23: Splits of gross advances by type of interest rate, 2001-2004
- Table 24: Datamonitor's forecast of mortgage gross advances in the
Benelux region, 2005e-2010f
- Table 25: France has the fourth highest inflation rate in Europe, 2000-
2004
- Table 26: Age of France's dwelling stock, 2002
- Table 27: Mortgage balances outstanding compared to GDP of selected
European countries, 2004
- Table 28: Main players under each pillar, 2005
- Table 29: Examples of finance houses, 2005
- Table 30: Mortgage balances outstanding and market share for the top 5
lenders in the French residential market, 2003-2004
- Table 31: Forecast residential mortgage gross advances in the French
market, 2006f-2010f
- Table 32: GDP per capita of selected European countries, 2004
- Table 33: Selected inflation rates of major European countries, 2000-2003
- Table 34: Segmentation of liquid assets, 2004
- Table 35: Age of Germany's dwelling stock, 2004
- Table 36: Residential mortgage balances outstanding compared to GDP of
selected European countries, 2004
- Table 37: Forecasted gross advances in the German residential mortgage
market, 2004-2010f
- Table 38: GDP per capita at current rates across major European
countries, 2001-2004
- Table 39: Greece has the highest inflation rate in Europe, 2000- 2004
- Table 40: Age of Greece's dwelling stock, 2001
- Table 41: Mortgage balances outstanding compared to GDP of selected
European countries, 2004
- Table 42: Balances outstanding market share by type of institution,
2001-2004
- Table 43: Mortgage balances outstanding and market share for the top
five lenders in the Greek residential market, 2003-2004
- Table 44: Forecast mortgage gross advances in the Greek residential
market, 2004-2010f
- Table 45: GDP per capita for selected European countries, 2004
- Table 46: France has the fourth highest inflation rate in Europe, 2000-
2004
- Table 47: Distribution of income across major European countries
demonstrated by GINI Coefficient, 2003
- Table 48: Age of Ireland's dwelling stock, 2002
- Table 49: Mortgage balances outstanding compared to GDP of selected
European countries, 2004
- Table 50: Market share of gross residential mortgage advances by type of
institution, 2000-2004
- Table 51: Top five mortgage lenders in the Irish residential market in
terms of balances outstanding, 2004
- Table 52: Recent mergers, acquisitions and demutualizations among
domestic players in the Irish banking sector, 1991-2005
- Table 53: A number of foreign players have entered the Irish banking
sector, 1997-2006
- Table 54: Number of mortgage loans approved split by variable and fixed
rates, 2000-2004
- Table 55: Forecast residential mortgage gross advances in the Irish
market, 2006f-2010f
- Table 56: Ranking of selected European countries by GDP, 2004
- Table 57: GDP per capita of selected European countries, 2004
- Table 58: Composition of Italy's GDP by sector, 2004
- Table 59: Inflation in selected European countries, 2004
- Table 60: GINI Coefficient for selected European countries, 2003
- Table 61: Segmentation of liquid assets in Italy, 2004
- Table 62: Population distribution according to age group in Italy, 2004
- Table 63: The age of Italian dwelling stock, 1991
- Table 64: Mortgage balances outstanding compared to GDP of selected
European countries, 2004
- Table 65: Forecast of mortgage gross advances in Italy, 2004-2010
- Table 66: Ranking of selected European countries by GDP, 2004
- Table 67: GDP per capita of selected European countries, 2004
- Table 68: Composition of Nordic countries GDP by sector, 2004
- Table 69: Inflation in selected European countries, 2004
- Table 70: GINI Coefficient of selected European countries, 2003
- Table 71: Population distribution according to age group in the Nordic
region. 2004
- Table 72: Labor statistics in the Nordics, 2004
- Table 73: Dwelling stock in the Nordics, 2000-2004
- Table 74: Tenure market share in the Nordics
- Table 75: Mortgage balances outstanding as a proportion of GDP in
selected European countries, 2004
- Table 76: Forecast of mortgage gross advances in the Nordics, 2004-2010f
- Table 77: Population distribution according to age group in Portugal,
2004
- Table 78: Ranking of selected European countries by GDP, 2004
- Table 79: GDP per capita of selected European countries, 2004
- Table 80: Composition of Portugal's GDP by sector, 2005
- Table 81: Inflation in selected European countries, 2004
- Table 82: GINI Coefficient for selected European countries, 2003
- Table 83: Outstanding balances of mortgages compared to GDP of selected
European countries, 2004
- Table 84: Top five mortgage lenders in the Portuguese residential market
in terms of balances outstanding, 2004
- Table 85: Datamonitor's forecasted gross advances in the Portuguese
residential mortgage market, 2005e and 2006f-2010f
- Table 86: Population distribution according to age group in Spain, 2004
- Table 87: GDP per capita of selected European countries, 2004
- Table 88: Inflation in selected European countries, 2004
- Table 89: GINI Coefficient for selected European countries, 2003
- Table 90: Segmentation of liquid assets in Spain, 2004
- Table 91: Dwellings in Spain by year of construction, 2001
- Table 92: Outstanding balances of mortgages compared to GDP of selected
European countries, 2004
- Table 93: Top five mortgage lenders in the Spanish residential market in
terms of balances outstanding, 2004
- Table 94: Datamonitor's forecasted gross advances in the Spanish
residential mortgage market, 2005e and 2006f-2010f
- Table 95: GDP per capita for selected European countries, 2004
- Table 96: Composition of Turkey's GDP by sector, 2004
- Table 97: Inflation in selected European countries, 2004
- Table 98: GINI Coefficient for selected European countries, 2003
- Table 99: Population distribution according to age group in Turkey, 2004
- Table 100: Mortgage balances outstanding as a ratio of GDP for selected
European countries, 2004
- Table 101: Forecast of mortgage gross advances in Turkey, 2004-2010
- Table 102: GDP growth in Austria, 2001-2004
- Table 103: Labor statistics in Austria, 2000-2004
- Table 104: Number of dwellings in Austria, 2000-2003
- Table 105: House price growth in Austria, 2000-2004
- Table 106: Typical mortgage interest rates in Austria, Q1 2003-Q1 2005
- Table 107: Residential mortgage balances outstanding in Austria,
2001-2005
- Table 108: Residential net lending in Austria, 2001-2005
- Table 109: Residential mortgage gross advances in Austria, 2001-2005
- Table 110: Market share by type of banking institution, 2004
- Table 111: Market share of top five competitors in the Austrian market
by balances outstanding, 2004
- Table 112: Unemployment rate in the Benelux, 2001-2005
- Table 113: Total dwelling stock in the Benelux region split by country,
1999-2003
- Table 114: Owner occupation rate in the Benelux region by country,
2001/2002
- Table 115: Annual house price growth in the Benelux region by country,
1996-2003
- Table 116: Average price per 100 square metres of building land in
Luxembourg, 1998-2003
- Table 117: Typical mortgage interest rates in the Benelux region by
country and 3-months EURIBOR, Q1 2003 - Q1 2005
- Table 118: Mortgage balances outstanding in the Benelux region by
country, 2001-2005e
- Table 119: Net mortgage lending in the Benelux region, 2001-2005e
- Table 120: Mortgage gross advances in the Benelux region by country,
2001-2005e
- Table 121: Mortgage gross advances in the Belgian residential market
split by product line, 2001-2004
- Table 122: Market share of gross advances in the Belgian market by
player type, 2005
- Table 123: Mortgage gross advances by Monetary Financial Institutions in
the Dutch mortgage market split by interest rate type, 2003-2005
- Table 124: Population numbers and demographic splits in France and other
major European countries, 2004
- Table 125: The percentage of people over the age of 20 in the major
European countries, 2004
- Table 126: GDP at current rates across major European countries , 2004
- Table 127: GDP per capita at current rates across major European
countries, 2001-2004
- Table 128: GDP growth rates, 2001 - 2004
- Table 129: Distribution of income across major European countries
demonstrated by GINI Coefficient, 2003
- Table 130: Trends in average house price growth in the French
residential mortgage market, 1997-2005
- Table 131: Typical mortgage interest rates in France, 2003-2005Q1
- Table 132: Mortgage gross advances and balances outstanding in the
French mortgage market, 2001-2005e
- Table 133: Market shares of home loans by legal categories, 2001-2003
- Table 134: Net lending in the French mortgage market, 2001-2005e
- Table 135: GDP at current rates across major European countries, 2004
- Table 136: GDP growth rates constant to 1995, 2001-2004
- Table 137: Demographic data in Germany and other major European
countries, 2004
- Table 138: Proportion population aged over 20 in the major European
countries, 2004
- Table 139: Number of dwellings in Germany, 2000-2003
- Table 140: House price growth in Germany, 2000-2004
- Table 141: Labor statistics in Germany, 2000-2004
- Table 142: Residential mortgage balances outstanding in Germany,
2001-2005
- Table 143: Residential mortgage gross advances in Germany, 2001-2005
- Table 144: Net lending in Germany, 2001-2005
- Table 145: Typical mortgage interest rates in Germany, Q1 2003-Q1 2005
- Table 146: Market share of top five competitors in the German
residential mortgage market in balances outstanding, 2004
- Table 147: Population numbers and demographic splits in Greece and other
major European countries, 2004
- Table 148: The percentage of people over the age of 20 in the major
European countries, 2004
- Table 149: GDP at current rates across major European countries , 2004
- Table 150: GDP growth rates, 2001 - 2004
- Table 151: Unemployment rate in Greece , 1998-2004
- Table 152: Distribution of income across major European countries
demonstrated by GINI Coefficient, 2003
- Table 153: Total dwelling stock in the Greek residential mortgage
market, 1999-2003
- Table 154: House price growth in Greek residential mortgage market,
1996-2004
- Table 155: Typical mortgage interest rates in the Greek residential
market, Q1 2003- Q1 2005
- Table 156: Mortgage balances outstanding in the Greek residential
mortgage market, 2001-2005e
- Table 157: Net lending in the Greek residential mortgage market,
2001-2005e
- Table 158: Mortgage gross advances in the Greek residential mortgage
market, 2003-2005e
- Table 159: Population numbers and demographic splits in Spain and other
major European countries, 2004
- Table 160: The percentage of people over the age of 20 in the major
European countries, 2004
- Table 161: Distribution of income across major European countries
demonstrated by GINI Coefficient, 2003
- Table 162: Unemployment rate in Ireland, 1998-2005
- Table 163: Total dwelling stock in Ireland, 1999-2003
- Table 164: Average house price growth in Ireland split by new and
second-hand houses, 1995-2004
- Table 165: Typical mortgage interest rates in the Irish residential
market, Q1 2003-Q1 2005
- Table 166: Mortgage balances outstanding in the Irish mortgage market,
2001-2005
- Table 167: Net mortgage lending in the Irish residential market,
2002-2005
- Table 168: Mortgage gross advances, number of mortgage loans and average
mortgage loan amount in the Irish residential market, 2001-2005e
- Table 169: GDP growth in Italy, 2001-2004
- Table 170: Labour statistics in Italy, 2000-2004
- Table 171: Number of dwellings in Italy, 2000-2003
- Table 172: House price growth in Italy, 2000-2004
- Table 173: Typical mortgage interest rates in Italy, Q1 2003-Q1 2005
- Table 174: Residential mortgage balances outstanding in Italy, 2001-2005
- Table 175: Residential net lending in Italy, 2001-2005
- Table 176: Residential mortgage gross advances in Italy, 2001-2005
- Table 177: Market share of top five competitors in the Italian market by
balances outstanding, 2004
- Table 178: GDP growth in the Nordics, 2001-2004
- Table 179: Segmentation of liquid assets in Nordic region, 2004
- Table 180: Labor statistics in the Nordics, 2000-2004
- Table 181: House price growth in the Nordics, 2000-2004
- Table 182: Residential mortgage balances outstanding in the Nordics,
2001-2005
- Table 183: Residential mortgage net lending in the Nordics, 2001-2005e
- Table 184: Residential mortgage gross advances in the Nordics, 2001-2005e
- Table 185: Market share of top five competitors in the Nordics in terms
of balances outstanding, 2004
- Table 186: Mortgage balances outstanding in Portugal, 2001-2005e
- Table 187: Mortgage gross advances in Portugal, 2001-2005e
- Table 188: Mortgage net lending in Portugal, 2001-2005e
- Table 189: Housing stock in Portugal, 2000-2003
- Table 190: Percentage change of GDP from the previous year, 2000-2004
- Table 191: Total Spanish dwelling stock, 2000-2003
- Table 192: Rate of unemployment in Spain, 2000-2004
- Table 193: Mortgage balances outstanding in Spain, 2001-2005
- Table 194: Net lending in Spain, 2001-2005
- Table 195: Mortgage gross advances in Spain, 2001-2005e
- Table 196: GDP growth in Turkey, 2000-2004
- Table 197: CPI based inflation in Turkey, 2000-2004
- Table 198: Labor statistics in Turkey, 2000-2004
- Table 199: Residential mortgage balances outstanding in Turkey, 2001-2005
- Table 200: Residential mortgage gross advances in Turkey, 2001-2005
- Table 201: Market share of top five competitors in the Turkish
residential mortgage market in terms of balances outstanding, 2004
- List of Figures
- Figure 1: A snapshot of key statistics in Austria, 2004
- Figure 2: Between 2003 and 2004 Austria's economy expanded rapidly, 2001
- 2004
- Figure 3: Unemployment in Austria has been rising in recent years,
2001-2005
- Figure 4: The housing stock in Austria has been rising steadily,
2000-2003
- Figure 5: House prices have been fluctuating in Austria, 2000-2004
- Figure 6: Mortgage interest rates in Austria have been falling gradually
due to increased competition, Q1 2003 - Q1 2005
- Figure 7: Mortgage balances outstanding in Austria have grown
consistently in recent years, 2001-2005
- Figure 8: Residential net lending have been fluctuating, 2001-2005
- Figure 9: Mortgage gross advances have been growing in recent years,
2001-2005
- Figure 10: The seven pillars of Austrian retail banking, 2006
- Figure 11: The Bausparkassen are the leading residential mortgage
lenders in the Austrian market, 2004
- Figure 12: Regulatory overview of Austria, 2006
- Figure 13: The Sparkassen have the largest market share of the Austrian
mortgage market, 2004
- Figure 14: Mortgage gross advances in Austria are predicted to continue
to rise gradually, 2001-2010f
- Figure 15: SWOT analysis of the Austrian mortgage market, 2006
- Figure 16: A snapshot of the Benelux's key statistics, 2004
- Figure 17: Of the Benelux nations, Luxembourg's economy has been
expanding at the fastest rate, 2001-2004
- Figure 18: Belgium has the highest unemployment rate in the Benelux
region, 2001-2005
- Figure 19: Dwelling stock in the Benelux has remained static over the
years, 1999-2003
- Figure 20: The number of new builds in the Netherlands on a yearly basis
is significantly below historical trends, 1995-2004
- Figure 21: Luxembourg and Belgium have a high level of home ownership,
2001/2002
- Figure 22: House price growth in the Netherlands has slowed
significantly, 1996-2003
- Figure 23: The price of building land in Luxembourg has more than
doubled from 1998 to 2003
- Figure 24: Typical mortgage rates have gone down, Q1 2003-Q1 2004
- Figure 25: The Netherlands is the major contributor to mortgage balances
outstanding in the Benelux region, 2001-2005e
- Figure 26: All countries in the Benelux region witnessed an increase in
net lending over the last five years, 2001-2005e
- Figure 27: Gross advances in the Benelux picked up again in 2005, after
recording a slower growth rate in 2004, 2001-2005e
- Figure 28: Remortgaging in the Belgian mortgage market has grown in
importance in the last couple of years, 2001-2004
- Figure 30: Home improvement accounts for the vast majority of equity
withdrawal, while debt consolidation accounts for just 6 per cent of the
market, 2003
- Figure 31: Credit institutions advanced 91.2 per cent of gross advances
in the Belgian mortgage market in 2005
- Figure 32: Banks are the major player type in the Dutch mortgage market,
2005
- Figure 33: Regulatory structure of the Belgian Banking market, 2005
- Figure 34: Regulatory overview of the Netherlands, 2005
- Figure 35: Regulatory overview of Luxembourg, 2005
- Figure 36: Rabobank is the largest mortgage lender in the Benelux
region, 2003-2004
- Figure 37: Fixed rates mortgages of five to ten years are the most
popular type of mortgages in the Dutch market but short-term variable rates
have recently gained in popularity, 2003-2005
- Figure 38: Strong growth in the Belgian and Luxembourg markets will
drive the Benelux mortgage market forward, as growth in the Dutch mortgage
market slows significantly, 2005e-2010f
- Figure 39: A snapshot of France's key statistics, 2004
- Figure 40: France has the second highest population in Europe, 2004
- Figure 41: France has the lowest proportion of population over the age
of 20 in Europe, 2004
- Figure 42: France has the second highest GDP in Europe, 2004
- Figure 43: France has enjoyed a period of positive economic growth from
2000 to 2004
- Figure 44: The French economy is dominated by the services sector, 2004
- Figure 45: France has the second lowest GINI index of 27.00 in Europe,
2003
- Figure 46: No new dwellings were built during 2003, 1999 to 2003
- Figure 47: France has an owner occupation rate of 56 per cent, 2002
- Figure 48: 37.5 per cent of owner occupiers hold a mortgage
- Figure 49: After reaching a peak in 2004, average house price growth
slowed in 2005, 1997-2005
- Figure 50: Typical mortgage rates in France have been declining,
2003Q1-2005Q1
- Figure 51: Mortgage balances outstanding in the French residential
market reached an estimated €484.2 billion in 2005, 2001-2005e
- Figure 52: Net mortgage lending has grown steadily, 2001-2005e
- Figure 53: Mortgage dept to GDP reached 26.3 per cent in 2004, 2000 -
2004
- Figure 54: Mortgage gross advances in the French residential market have
grown significantly over the last five years, 2001-2005e
- Figure 55: Remortgaging accounted for roughly 40 per cent of gross
advances in the French mortgage market in 2005
- Figure 56: The three pillars of the French banking structure
- Figure 57: Market shares of home loans within the various legal
categories have remained stable over the last few years, 2001-2003
- Figure 58: The mortgage distribution structure in France, 2006
- Figure 59: Regulatory overview of France, 2004
- Figure 60: Credit Agricole is by far the leader in the French mortgage
market, 2003-2004
- Figure 61: Main merger and acquisition activities in the French market,
1996-2004
- Figure 62: Gross advances are forecast to reach €210.4 billion in 2010,
2004-2010f
- Figure 64: Germany has the highest GDP across the major European
countries, 2004
- Figure 65: The GDP growth rate in Germany has decreased the most in
comparison to the major European countries, 2000-2004
- Figure 66: The German economy is dominated by the services sector, 2002
- Figure 67: Germany has a relatively low GINI Coefficient in comparison
to other major European countries, 2003
- Figure 69: Germany has the fourth highest percentage of population over
the age of 20 after Italy Spain and Greece, 2004
- Figure 70: Unemployment in Germany has been on the rise, 2000-2004
- Figure 71: The housing stock in Germany has been rising steadily,
2000-2003
- Figure 72: House prices in Germany have risen weakly and even fell in
2001, 2000-2004
- Figure 73: Mortgage interest rates have fluctuated in Germany, however
the overall trend has been downwards, Q1 2003 - Q1 2005
- Figure 74: Residential mortgage balances outstanding in Germany have
remained almost level in recent years, 2001-2005
- Figure 75: Net lending has been falling in Germany in recent years,
2001-2005
- Figure 76: Mortgage gross advances fell sharply in 2005 having
fluctuated in recent years, 2001-2005
- Figure 77: The three pillars of German banking, 2005
- Figure 78: Banking groups in the three pillars, 2005
- Figure 79: The savings banks and mortgage banks dominate the residential
mortgage market in Germany, 2002
- Figure 80: The majority of residential mortgages in Germany are
distributed via the banks branch networks, 2001
- Figure 81: Regulatory overview of Germany, 2006
- Figure 82: The Sparkassen have the largest market share of the mortgage
market in Germany, 2004
- Figure 83: Overview of main mergers in the German banking sector,
1998-2005
- Figure 84: Mortgage gross advances in Germany are predicted to continue
to rise rapidly, 2001-2010
- Figure 85: SWOT analysis of the German mortgage market, 2006
- Figure 86: A snapshot of Greece's key statistics, 2004
- Figure 87: Greece's population is of similar size to that of Belgium,
2004
- Figure 88: Greece has the second lowest GDP in 2004
- Figure 89: Greece recorded the highest GDP growth, 2001 to 2004
- Figure 90: The Greek economy is dominated by the services sector, 2005
- Figure 91: Among the selection of countries shown, Greece had the third
highest GINI coefficient in 2003
- Figure 92: Greece has a history of high unemployment, 1998-2004
- Figure 93: Greek's dwelling stock reached 5,542 million in 2003,
1999-2003
- Figure 94: At 80 per cent in 2003, Greece has one of the highest owner
occupation rates in Europe
- Figure 95: 75 per cent of Greek homeowners generally buy their home
outright, 2004
- Figure 96: After witnessing impressive house price growth during the
last decade, growth has slowed over the last couple of years, 1996-2004
- Figure 97: Typical mortgage interest rates in the Greek residential
market dropped from 4.58 per cent in Q1 2003 to 4.15 per cent in Q1 2005, Q1
2003-Q1 2005
- Figure 98: Mortgage balances outstanding grew at a CAGR of 28.3 per cent
from 2001 to 2005e
- Figure 99: Net lending in the Greek residential mortgage market has
grown strongly, 2001-2005e
- Figure 100: Mortgage gross advances in the Greek residential market
reached an estimated €11.7 billion in 2005, 2003-2005e
- Figure 101: There are basically two types of player in the Greek retail
banking sector , 2006
- Figure 102: Commercial banks have strengthened their share of the
mortgage market over the years, 2000-2004
- Figure 103: Regulatory overview of Greece, 2006
- Figure 104: National Bank of Greece is the leader in the Greek
residential mortgage market, 2003-2004
- Figure 105: Mergers and acquisitions in the Greek banking market,
1999-2002
- Figure 106: Gross advances in the Greek residential mortgage market will
grow at a CAGR of 18.1 per cent to reach €29.2 billion in 2010, 2004-2010f
- Figure 107: A snapshot of Ireland's key statistics, 2004
- Figure 108: Ireland has one of the smallest populations in Europe, 2004
- Figure 109: Ireland has the smallest economy among the sample of
European countries shown, 2004
- Figure 110: Services and Agricultural sectors are the major contributors
to Ireland's GDP, 2002
- Figure 111: Ireland has a relatively high GINI Coefficient, 2003
- Figure 112: Ireland has a very low unemployment rate, 1998-2005
- Figure 113: Dwelling stock in the Irish residential mortgage market has
been growing steadily, 1999-2003
- Figure 114: Ireland has a high owner-occupation rate, 2002
- Figure 115: The Irish property market continues to witness strong growth
in house prices, 1995-2004
- Figure 116: The typical mortgage interest rates have dropped from 3.98
per cent in Q1 2003 to 3.47 per cent in Q1 2005, Q1 2003- Q1 2005
- Figure 117: Mortgage balances outstanding in the Irish market reached
€94.3 billion in 2005, 2001-2005
- Figure 118: Net mortgage lending in the Irish mortgage market has grown
significantly over 2001 level, 2001-2005
- Figure 119: Mortgage gross advances in the Irish residential market
reached €20.6 billion in 2005, 2001-2005e
- Figure 120: The number of mortgage loans advanced in the Irish mortgage
market rose from 66,786 in 2001 to reach an estimated 107,923 in 2005,
2001-2005e
- Figure 121: The average value of a mortgage loan rose from €114,755 in
2001 to €190,187 in 2005, 2001-2005e
- Figure 122: There are basically two types of financial institutions in
the Irish banking industry, 2006
- Figure 123: Regulatory overview of Ireland, 2006
- Figure 124: Bank of Ireland is the leader in the Irish mortgage market,
2004
- Figure 125: Gross advances in the Irish residential mortgage market will
grow at a CAGR of 8.2 per cent over the next five years, 2004-2010f
- Figure 127: Between 2003 and 2004 Italy's economy picked-up, 2001 - 2004
- Figure 128: Unemployment in Italy has been falling in recent years,
2000-2004
- Figure 129: The housing stock in Italy has been rising steadily,
2000-2003
- Figure 130: House prices in Italy have been rising continually; however,
the rate of increase fell in 2004, 2000-2004
- Figure 131: Mortgage interest rates have fluctuated in Italy, however
the overall trend has been downwards, Q1 2003-Q1 2005
- Figure 132: Residential mortgage balances outstanding in Italy have
grown rapidly in recent years, 2001-2005
- Figure 133: Residential lending has been rising fast in Italy, however,
there was a fall in 2005, 2001-2005
- Figure 134: There was a sharp decline in residential mortgage gross
advances in 2004, 2001-2005
- Figure 135: The three pillars of Italian banking, 2004
- Figure 136: Conceptual illustration of distribution in the Italian
mortgage market, 2006
- Figure 137: Regulatory overview of Italy, 2006
- Figure 138: Banca UniCredito is the largest provider of residential
mortgage loans to consumers in Italy, 2004
- Figure 139: Main mergers in Italy, 1998 - 2005
- Figure 140: Mortgage gross advances in Italy are predicted to continue
to rise rapidly, 2001-2010f
- Figure 141: SWOT analysis of the Italian mortgage market, 2006
- Figure 142: A snapshot of the Nordic's key statistics, 2004
- Figure 143: Between 2003 and 2004 all of the Nordic countries saw
increased growth of their economies, 2001 - 2004
- Figure 144: Sweden has the highest level of liquid assets in the Nordic
region, 2004
- Figure 145: Unemployment in the Nordics has been rising in recent years,
however, 2004 saw a fall, 2000-2004
- Figure 146: Increases in house prices in the Nordics have been
fluctuating in recent years, 2000-2004
- Figure 147: Residential mortgage outstanding balances have been rising
steadily in recent years, 2001-2005e
- Figure 148: On the whole net lending has increased from 2001-2005e
- Figure 149: Residential mortgage advances have been rising in the
Nordics, 2001-2005
- Figure 150: The four pillars of Nordic Banking, 2006
- Figure 151: Regulatory overview of Denmark, 2004
- Figure 152: Regulatory overview of Finland, 2004
- Figure 153: Regulatory overview of Norway, 2004
- Figure 154: Regulatory overview of Sweden, 2004
- Figure 155: Danske Bank has the largest market share of the residential
mortgage market in the Nordics, 2004
- Figure 156: Mergers and acquisitions of banks by the top five
residential mortgage providers in the Nordics, 1997-2005
- Figure 157: Mortgage gross advances in the Nordics are predicted to
continue to rise rapidly, 2001-2010Figure 158: SWOT analysis of the Nordic
mortgage market, 2006
- Figure 159: A snapshot of Portugal's key statistics, 2004
- Figure 160: GDP growth in Portugal began to rise in 2004 after a period
of decline, 2001-2004
- Figure 161: Unemployment in Portugal has risen in recent years, 2000-2004
- Figure 162: The housing stock in Portugal continues to grow, but not as
quickly as before, 2000-2003
- Figure 163: Mortgage balances outstanding have grown steadily in
Portugal, 2001-2005
- Figure 164: Net lending in Portugal has been mixed, 2001-2005
- Figure 165: Mortgage gross advances have seen a mixed performance,
2001-2005
- Figure 166: The structure of the Portuguese banking industry, 2005
- Figure 167: Virtually all mortgages are distributed directly in Portugal
- Figure 168: Regulatory overview of Portugal, 2004
- Figure 169: Caixa Geral de Dep鏀itos is the leading mortgage lender in
Portugal, 2004
- Figure 170: Mergers and acquisitions in the Portuguese banking sector,
2000-2005
- Figure 171: Datamonitor forecasts slow growth in the Portuguese mortgage
market, 2000-2009f
- Figure 172: A snapshot of Spain's key statistics, 2004
- Figure 173: GDP growth in Spain slowed in 2000 and 2001, but has since
recovered, 2000-2004
- Figure 174: The services sector is the greatest contributor to Spanish
GDP, 2004
- Figure 175: The rate of unemployment in Spain remains high, 2000-2004
- Figure 176: The Spanish housing stock continues to grow strongly,
2000-2003
- Figure 177: House prices in Spain continue to grow at exceptionally high
levels, 2000-2004
- Figure 178: Mortgage balances outstanding in Spain have seen exceptional
growth in the last five years, 2001-2005
- Figure 179: Net lending in Spain has seen strong growth, 2001-2005
- Figure 180: Mortgage lending gross advances have grown strongly,
2001-2005e
- Figure 181: The three pillars of Spanish banking, 2005
- Figure 182: Examples of banks in each of the three pillars, 2005
- Figure 183: Mortgage distribution in Spain
- Figure 184: Regulatory overview of Spain, 2005
- Figure 185: BBVA and La Caixa are the leading mortgage lenders in Spain,
2004
- Figure 187: Datamonitor forecasts a gradual slowdown of the Spanish
mortgage market, 2000-2010f
- Figure 188: A snapshot of Turkey's key statistics, 2004
- Figure 189: The performance of Turkey's economy has fluctuated
experiencing a major recession in 2001, 2000- 2004
- Figure 190: After peaking in 2001, inflation in Turkey has fallen,
2000-2004
- Figure 191: Unemployment has been rising in recent years, 2000-2004
- Figure 192: Mortgages balances outstanding in Turkey increased nearly
5-fold, 2001-2005
- Figure 193: Prior to 2005, net lending had been rising fast in Turkey,
2001-2005
- Figure 194: Gross advances of mortgages has been rising rapidly in
Turkey, the greatest increase occurred most recently in 2005, 2001-2005
- Figure 195: The three pillars of Turkish commercial banking, 2006
- Figure 196: Conceptual illustration of distribution in the Turkish
mortgage market, 2006
- Figure 197: Regulatory overview of Turkey, 2005
- Figure 198: IS Bankasi is the largest provider of mortgage loans to
consumers in Turkey, 2004
- Figure 199: Gross advances of mortgages in Turkey are predicted to
continue to rise rapidly, 2001-2010
- Figure 200: SWOT analysis of the Turkish mortgage market, 2006
- Figure 201: The UK Mortgage Market Map covers a wide range of mortgage
sectors
- Figure 202: Mortgage sectors covered within the UK Mortgage Market Map
- Figure 203: Datamonitor's core consulting capabilities
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